Keyword: oil

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  • The OPEC Deal: Here Are The Details

    11/30/2016 3:07:44 PM PST · by bananaman22 · 23 replies
    Oilprice.com ^ | 30-11-2016 | Your garden gnome
    Oil prices surged more than 8 percent on Wednesday as OPEC shocked the world and reached an agreement to cut production. If OPEC members succeed in implementing the deal, set to take effect in January, it could erase the global surplus in an instant. “The sentiment generally is optimistic and positive," Saudi Arabia’s Oil Minister Khalid al-Falih said before the final meeting on Wednesday. “Any production-restraint agreement has to be distributed in an equitable way. We are getting close.” Oil prices skyrocketed on his comments and on the news that a deal was within reach. Still, there was a lot...
  • Trump’s Path to Mount Rushmore

    11/30/2016 11:40:21 AM PST · by 2ndDivisionVet · 24 replies
    The American Interest ^ | November 27, 2016 | Walter Russell Mead
    Smart energy policy could give the next President his best prospect for spurring growth in manufacturing jobs—and thus delivering on the promises his voters think matter most. Pundits are terrible at predicting presidencies; remember the hymns to the greatness of the Second Lincoln, the New Roosevelt, and the Democratic Reagan that wafted to the heavens during the Obama transition. And the pundits were even worse at predicting Trump’s fate during the election; how many times did they predict his demise? But now, as convinced as ever of his incompetence and their infallibility, the punditocracy is telling us why the Trump...
  • Oil Prices Spike As OPEC Reaches Deal On Production Cut

    11/30/2016 6:59:28 AM PST · by bananaman22 · 10 replies
    Oilprice.com ^ | 30-11-2016 | Tsvetana
    Defying all odds, OPEC provisionally reached the much-hyped agreement to cut output in a bid to boost oil prices. According to an OPEC delegate quoted by Bloomberg News, the ministerial meeting in Vienna has just reached a deal to cut output by 1.2 million barrels per day to 32.5 million barrels per day. But there’s a catch. According to a ZeroHedge tweet, it looks like the OPEC deal would be conditional on a subsequent deal with non-OPEC producers in December to agree on a 600,000-bpd cut. If this is indeed the case, the oil production cut saga and drama will...
  • U. K., France, Russia Want To Join Pakistan-China’s CPEC

    11/28/2016 9:26:34 PM PST · by jcon40 · 3 replies
    vakuewalk.com ^ | Nov. 28, 16 | : Polina Tikhonova
    The CPEC is apparently becoming a new association (like BRICS), as many countries are showing interest in being part of the China-Pakistan Economic Corridor. With ambitions to even become a new union (like European Union, but not limited only to Europe), the CPEC, co-created by Pakistan and China, has already attracted big international players such as Russia, the U.K. and France. The $51 billion project has been all over the news lately, not only because it’s a game-changer for China, Pakistan and Asia as a whole, but also because there’s a theory that India could start a military conflict over...
  • Undeterred By Trump Threats, Schlumberger Signs Deal With Iran

    11/28/2016 2:18:18 PM PST · by bananaman22 · 14 replies
    Oilprice.com ^ | 28-11-2016 | The Ayatollah and his mom
    Just about everyone right now wants to know where President-elect Donald Trump stands on Iran, and what fate lies ahead for the nuclear deal and the easing of sanctions that have energy companies’ mouths watering—not the least of them oilfield services giant Schlumberger, which has just hedged its bets that sanctions are history despite heavy rhetoric to the contrary. Schlumberger has signed a memorandum of understanding with the National Iranian South Oil Company for the development of oilfields in Iran’s southern Khouzestan province, making it the second Western energy major to return to Iran after the lifting of most sanctions....
  • Native Americans: Help Make America Great Again

    11/28/2016 5:15:36 AM PST · by Kaslin · 42 replies
    Townhall.com ^ | November 28 | Katie Kiefer
    Native Americans protesting the construction of the 1,200-mile Dakota Access oil pipeline: quit throwing rocks at police; stop setting cars ablaze; discard your “Children Don’t Drink Oil” signs—and join your fellow brothers and sisters in making America great again. “We don’t have weapons. … We are looking out for … the children who are not even born yet,” Standing Rock Sioux chairman David Archambault II said to defend his 10,000-member tribe’s use of violence, aggression and disorderly conduct to protest the construction of the $3.7 billion Dakota Access pipeline. No weapons? “A line of sheriff’s officers retreated in the face...
  • North Dakota officials: Protesters should leave federal land

    11/26/2016 9:23:48 AM PST · by Olog-hai · 8 replies
    Associated Press ^ | Nov 26, 2016 12:23 PM EST
    North Dakota officials are encouraging hundreds of Dakota Access oil pipeline protesters to respect a directive to leave a sprawling, months-old encampment on federal land. According to Standing Rock Sioux tribal leader Dave Archambault, the U.S. Army Corps of Engineers sent him a letter Friday that said all federal lands north of the Cannonball River will be closed to public access Dec. 5 for “safety concerns,” including the oncoming winter and the increasingly contentious clashes between protesters and police. The Oceti Sakowin camp is on Corps land in southern North Dakota and is where the vast majority of the several...
  • A Thanksgiving Tale: 50 Million Turkeys And A 5 Billion Mile Drive

    11/24/2016 3:41:43 PM PST · by bananaman22 · 2 replies
    Oilprice.com ^ | 24-11-2016 | Mike
    This week almost 50 million Americans will take planes, trains, automobiles (and even boats) to travel miles from home for Thanksgiving festivities according to AAA. The auto club sees more than a million extra travelers leaving home this year between now and the end of the month. Thanksgiving is traditionally of as a time for turkey and dinner with family, but given these statistics perhaps it ought to be thought of as a time for travel. After all, the first Thanksgiving was really about travel as well with Europeans having just finished the perilous journey across thousands of miles of...
  • Dakota Tribe’s New Water System May End Concerns Over Oil Leaks

    The American Indian tribe arguing the Dakota Access Pipeline would leak oil in its water source finalized a years-long plan to move its water source 70 miles downstream of the project. The Standing Rock Sioux tribe orchestrated a months-long battle against the pipeline due in large part to worries about contamination of their primary water source. The decision to plant a water treatment plant several miles downwind of the pipeline’s location, environmental analysts argue, may dispel concerns associated with the project. The relocation was years in the making. Standing Rock currently gets its water 20 miles away from the so-called...
  • Why Mexico’s Oil Reform Is A Huge Opportunity For Investors

    11/22/2016 8:19:41 AM PST · by bananaman22 · 17 replies
    Oilprice.com ^ | 22-11-2016 | Happy Taco
    When a massive country de-nationalizes its entire energy sector and opens its oil and gas doors for the first time ever to foreign companies, the opportunities are staggering. Welcome to the ‘new’ Mexico, and welcome to the early stages of an oil and gas game that will be bigger—from an investor’s perspective—than anything in history. Mexico’s move to implement historic energy reform legislation in December 2013, and follow-up legislation in 2014 that further solidified the comprehensive de-nationalization, provides an unprecedented opportunity for oil companies looking to tap into Mexico’s huge energy potential.
  • On his way out, Obama cedes Arctic energy control to Russia

    11/19/2016 5:39:50 PM PST · by 2ndDivisionVet · 36 replies
    Hot Air ^ | November 19, 2016 | Jazz Shaw
    This isn’t really the same as prying the W’s off the keyboards in the Oval Office, but Barack Obama seems determined to leave some unpleasant going away presents for his successor on the domestic energy front. Before leaving office, the President has modified the agreement for future oil exploration leases to eliminate nearly all Arctic sites. Needless to say, the energy industry isn’t exactly ecstatic over this. (Politico) President Barack Obama is throwing up roadblocks to Donald Trump’s pledges to expand offshore drilling, with a new plan that will declare parts of the Arctic off-limits. Obama’s Interior Department on Friday...
  • Pipeline Anarchy

    11/19/2016 10:04:26 AM PST · by Kaslin · 10 replies
    Townhall.com ^ | November 19, 2016 | Paul Driessen
    Is this to be our future? Last week’s elections will soon end autocratic rule via executive fiat, the war on coal and hydrocarbons, IRS agents targeting opposition groups, government SWAT teams invading businesses and homes, and numerous other Abuses and Usurpations.In its place we’re getting leftist anarchy and riots – with mindless, incoherent radicals smashing Portland storefronts, beating a Chicago motorist, and pummeling a ninth grade Woodside, CA Trump supporter.Amid it all, the epitome of nihilist, watermelon environmentalist, criminal, sore-loser fury is raging south of Bismarck, North Dakota, where thousands of “peaceful protesters” are camping illegally on federal and private...
  • Saudi Arabia Issues Warning To Trump: Don’t Stop Saudi Oil Imports

    11/18/2016 11:32:25 AM PST · by Lorianne · 72 replies
    Oil Price ^ | 15 November 2016 | Zainab Calcuttawala
    President-elect Donald Trump jeopardizes the global economy through his promises to block Middle East oil imports for the purpose of creating an energy independent United States, according to petrostate Saudi Arabia. Over the course of the two-year American election process, Republican nominee Trump promised on the campaign trail to divest U.S. interests from “our foes and the oil cartels,” referring mainly to the Organization of Petroleum Exporting Countries (OPEC), of which the KSA is the largest producer and de facto leader. “At his heart President-elect Trump will see the benefits and I think the oil industry will also be advising...
  • The largest oil deposit ever found in America was just discovered in Texas

    11/18/2016 11:34:24 AM PST · by Lorianne · 49 replies
    Business Insider ^ | 16 November 2016 | Akin Oyedele
    The US Geological Survey said Tuesday that it assessed what could be the largest deposit of untapped oil ever discovered in America. An estimated average of 20 billion barrels of oil and 1.6 billion barrels of natural gas liquids are available for the taking in the Wolfcamp shale, which is in the Midland Basin portion of Texas' Permian Basin. Based on a West Texas Intermediate crude oil price of $45 per barrel, those deposits are worth about $900 billion. US oil exploration companies have flocked to the superrich Permian Basin in recent years and used shale-drilling technology to create an...
  • Obama Tears Up Drilling Permits to Stop Gigantic Energy Boom in Colorado

    11/18/2016 7:53:47 AM PST · by blueyon · 87 replies
    breitbart.com ^ | 11/17/16 | by Chriss W. Street
    Sally Jewell, the U.S. interior secretary, just cancelled leases to drill for natural gas on federal land in Colorado, in a last-ditch effort to stop an energy boom bigger than Bakken Shale discovery in North Dakota. Jewell’s Bureau of Land Management claimed that the 25 “Mancos” energy drilling leases now being cancelled were just a non-performing portion of 65 leases on “lands managed by the White River National Forest” and “amount to less than ˝ of 1 percent of the active leases on public lands in the state of Colorado.” But the 25 properties were “non-performing” only because they have...
  • OPEC Ready To Force Members To Join Cut

    11/17/2016 9:23:54 AM PST · by bananaman22 · 9 replies
    Oilprice.com ^ | 17-11-2016 | Irina
    Some OPEC members are saying OPEC will do whatever it takes to make all members join the production cut agreement that’s been chewed over since late September—willing or unwilling. According to a statement by Venezuela’s President Nicolas Maduro, “There is sufficient will among OPEC countries to take the step we need to take in the month of November, (to reach) a forceful agreement to reduce production and construct new mechanisms to stabilize the market.” Maduro was speaking in a televised broadcast, following his meeting with OPEC secretary-general Mohammed Barkindo in Venezuela. Barkindo, for his part, was quoted by media as...
  • USGS Announces Its Largest Oil And Gas Discovery Ever In The States

    11/16/2016 9:06:41 PM PST · by fision · 48 replies
    NPR ^ | 11/16/2016 | Rebecca Hersher
    The U.S. Geological Survey says it has found the largest continuous oil and gas deposit ever discovered in the United States. On Tuesday, the USGS announced that a swath of West Texas known as the Wolfcamp shale contains 20 billion barrels of oil and 16 trillion cubic feet of natural gas. That is nearly three times more petroleum than the agency found in North Dakota's Bakken shale in 2013. As NPR's Jeff Brady reported, the amount of oil in the Wolfcamp shale formation is nearly three times the amount of petroleum products used by the entire country in a year....
  • Vast Shale Oil Field in Texas Could Yield 20 Billion Barrels

    11/16/2016 5:21:43 PM PST · by smokingfrog · 32 replies
    ABC News ^ | 11-16-16 | David Warren
    A vast field of shale rock in West Texas could yield 20 billion barrels of oil, making it the largest source of shale oil the U.S. Geological Survey has ever assessed, agency officials said. The Wolfcamp Shale geologic formation in the Midland area also contains an estimated 16 trillion cubic feet of natural gas and 1.6 billion barrels of natural gas liquids, the agency said in a release. The discovery is nearly three times larger than the shale oil found in 2013 in the Bakken and Three Forks formations in the Dakotas and Montana, said Chris Schenk, a Denver-based research...
  • Drill, Baby Drill! American Made Energy Makes America Great Again

    11/16/2016 6:40:52 PM PST · by Bratch · 19 replies
    Facebook ^ | November 16, 2016 | Sarah Palin
    Drill, Baby Drill! American Made Energy Makes America Great Again Permian, ANWR, Prudhoe, Bakkan…. and so much more. NOW is the time to shut off the Saudi oil cartel flow valve and develop our own God-given natural resources. The only excuse not to become energy independent is a political excuse. The inherent link between energy and security, and energy and prosperity, is real and recognized by every American except sketchy politicians and deceived faux environmentalists. We have the resources, we have the technology, we have the manpower. America has the highest environmental and worker safety standards in the world… it’s...
  • Permian’s Wolfcamp formation called biggest shale oil field in U.S.

    11/16/2016 5:06:48 PM PST · by RoosterRedux · 11 replies
    Joe Carroll
    Link only...Bloomie via Star Telegram$900 billion.
  • USGS announces largest estimate of oil and gas ‘ever assessed in the United States’

    11/16/2016 4:41:20 PM PST · by Kaslin · 103 replies
    Hot Air.com ^ | November 16, 2016 | JOHN SEXTON
    Tuesday the U.S. Geological Survey announced the largest ever assessment of “continuous oil” ever made in the United States. The Wolfcamp shale in the area of Midland, Texas is estimated to contain three times the oil and gas of the Bakken shale formation in Montana and North Dakota. From the USGS: The Wolfcamp shale in the Midland Basin portion of Texas’ Permian Basin province contains an estimated mean of 20 billion barrels of oil, 16 trillion cubic feet of associated natural gas, and 1.6 billion barrels of natural gas liquids, according to an assessment by the U.S. Geological Survey. This...
  • Saudi Arabia Issues Warning To Trump: Don’t Stop Saudi Oil Imports

    11/16/2016 7:20:54 AM PST · by bananaman22 · 66 replies
    Oilprice.com ^ | 16-11-2016 | Zainab
    President-elect Donald Trump jeopardizes the global economy through his promises to block Middle East oil imports for the purpose of creating an energy independent United States, according to petrostate Saudi Arabia. Over the course of the two-year American election process, Republican nominee Trump promised on the campaign trail to divest U.S. interests from “our foes and the oil cartels,” referring mainly to the Organization of Petroleum Exporting Countries (OPEC), of which the KSA is the largest producer and de facto leader. “At his heart President-elect Trump will see the benefits and I think the oil industry will also be advising...
  • Saudi Arabia warns Trump on blocking oil imports

    11/16/2016 12:47:27 AM PST · by yoe · 34 replies
    Finanical Times ^ | Nnvember 15, 2016 | Pilita Clark
    Saudi Arabia has warned (Donald Trump) that the incoming US president will risk the health of his country’s economy if he acts on his election promises to block oil imports.In a sign of the difficulties Mr Trump faces over his campaign pledges to create “complete American energy independence” from “our foes and the oil cartels”, Saudi Arabia’s energy minister pointedly reminded the president-elect that the US “benefits more than anybody else from global free trade”, adding, “energy is the lifeblood of the global economy”.
  • Wall Or No Wall: Trump Needs The Mexican Oil Industry

    11/15/2016 2:32:23 PM PST · by bananaman22 · 34 replies
    Oilprice.com ^ | 15-11-2016 | Trumpster
    Two of Donald Trump’s main pledges during the presidential race were building a wall along the border with Mexico, and making the U.S. energy-independent. Now that the election is over, these issues are coming to the fore. First, the president-elect said that the wall, which he mentioned on the campaign trail and in numerous debates, is still very much on the table, though what type of “wall” that may be is an unknow. Second, he said he planned to start deporting illegal aliens—those with criminal records—which could amount to as many as three million individuals. Despite “The Wall”, the deportation...
  • Billionaire Tom Steyer calls on Obama to block offshore drilling

    11/14/2016 9:44:23 PM PST · by afraidfortherepublic · 34 replies
    Politico via Hot Air ^ | 11-14-16 | By Esther Whieldon, Politico via Hot Air John Sexton
    Billionaire environmentalist Tom Steyer is calling on President Obama to permanently ban offshore drilling in the Atlantic and Arctic using his executive authority. From Politico: NextGen and White House officials have discussed the possibility of Obama using his executive powers under a section of the law governing offshore drilling that allows him to “withdraw from disposition” any section of the Outer Continental Shelf that has not already been leased for oil or gas drilling… Steyer’s group says more permanent protections are available using section 12(a) of the OCS Lands Act. Similar to the Antiquities Act, which presidents can use to...
  • Trump Presidency May Jeopardize Iran’s New Oil Contracts

    11/09/2016 8:34:27 AM PST · by bananaman22 · 7 replies
    Oilprice.com ^ | 09-11-2016 | Jeopardized
    Just when western oil majors started resuming investments in Iran’s oil and gas after the lifting of the sanctions, the election victory of Donald Trump – who has spoken against the nuclear deal that led to lifting of said sanctions – may make international oil companies rethink their enthusiasm in bidding in Iran’s new oil and gas contract tenders. Last month, Iran invited international E&P companies to start pre-qualifying for bidding under the new petroleum contract models approved in September. But in March of this year, Trump said in a speech addressing the American Israel Public Affairs Committee: “My number-one...
  • Mimicking nature turns sewage into biocrude oil in minutes

    11/05/2016 11:55:34 AM PDT · by tekrat · 27 replies
    New Atlas ^ | 11/3/2016 | David Szondy
    Biofuels are often touted as an alternative to fossil fuels, but many depend on raw materials that would quickly become scarce if production were scaled up. As an alternative to these alternatives, the US Department of Energy's Pacific Northwest National Laboratory (PNNL) has found a way to potentially produce 30 million barrels of biocrude oil per year from the 34 billion gal (128 billion liters) of raw sewage that Americans create every day. According to PNNL, the problem with using sewage as a source material for biocrude is it's too wet and requires drying before more conventional processes can handle...
  • Oil Continues To Crash After EIA Reports Biggest Inventory Build In 34 Years

    11/02/2016 8:40:53 AM PDT · by bananaman22 · 13 replies
    Oilprice.com ^ | 02-11-2016 | EIA
    After the API shocked markets by reporting a massive 9.3-million-barrel increase in U.S. inventories yesterday, the EIA added insult to injury, saying inventories instead went up by 14.4 million barrels in the week to October 28, reaching 482.6 million barrels. The silver lining is that the total is within the upper limit for the time of year, according to the EIA data. We suspect the markets won’t find much in the way of this silver. Last week, the authority reported a meager 600,000-barrel decline in crude oil stocks, which despite its meagre size, managed to sway the market, pushing up...
  • Zombie Drillers: A Halloween Horror Story For Oil Markets

    11/01/2016 10:24:50 AM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 01-11-2016 | Mike
    Investors may not realize it, but the Walking Dead is not the only zombie show running right now. The oil markets are at least as scary and have zombies that are much harder to kill than AMC’s popular program. While about 100 oil companies have gone bankrupt in 2015 and 2016, almost none of those companies have actually “died”. Instead, most of the firms are still pumping oil just as rapidly as before. That, in turn, has significant implications for investors in the market.
  • Woe in the oilfield: 213 companies have now declared bankruptcy

    10/28/2016 8:03:57 AM PDT · by Lorianne · 19 replies
    Fuel Fix ^ | 25 October 2016 | David Hunn
    Fewer and fewer oil exploration and production companies are declaring bankruptcy. But more oilfield service companies are. So far this month, only one North American E&P firm filed for Chapter 11 protection, according to data released on Tuesday by the Dallas law firm Haynes & Boone. That’s down from two in September, three in August and four in July. But it’s been an especially tough few months for service companies. As crude prices began crashing in 2014, drillers started idling rigs. That led to fewer jobs for the companies that make their money helping producers pump oil and gas. Moreover,...
  • Iran’s Crude Exports To Drop To Four-Month Lows In November

    10/27/2016 11:22:15 AM PDT · by bananaman22 · 2 replies
    Oilprice.com ^ | 27-10-2016 | The Ayatollah and his mom
    A typically low seasonal demand in Europe will lead to Iran exporting 1.89 million bpd of crude oil next month, the lowest level since July, Reuters reported on Thursday, citing a source with knowledge of Iran’s tanker schedule. As a rule of thumb, Iranian crude oil exports usually hit low levels around the months of October and November due to the peak in refinery maintenance in Europe and Asia. This year around, however, the November exports to Asia will rise from October due to higher Chinese demand. This year, Iran has been rapidly bumping up oil production and exports after...
  • Houston Oil and Gas: Cuts and Rehires Indefinitely Frozen

    10/26/2016 12:34:12 PM PDT · by bananaman22 · 3 replies
    Oilprice.com ^ | 26-10-2016 | Mexicans are stealing our jobs
    Despite indications that the Houston hemorrhage of oil and gas jobs has slowed down, the two-year old wave of advances in drilling and extraction technologies—pioneered by now-jobless engineers—will prevent rehiring from commencing any time soon. Last week—and for the first time in over a year—oilfield services company Halliburton reported a quarterly profit. The profit was small in size, but refreshingly hopeful for Houston’s long-ailing oil and gas job market. Months of job cuts and asset sales later, the company announced a slim $6 million profit and a stable global workforce at 50,000 employees. A full ten percent of the 3,500...
  • Canadian Oil Is Building A Wall And Mexico Is Paying For It

    10/25/2016 7:47:17 AM PDT · by bananaman22 · 1 replies
    Oilprice.com ^ | 25-10-2016 | MawMaw
    Mexico and Canada have been waging a silent battle for market share in the U.S. crude oil refining market. Since 2006, crude oil exports from Canada and Mexico to the U.S.’ largest refining complex in the U.S. Gulf Coast (Petroleum Administration for Defense Districts 3 or “PADD 3” or “Gulf Coast”) has changed dramatically. A Crude History: Canada vs. Mexico Historically, Canada and Mexico have both brought significant oil supplies to refiners in the U.S. In 2006, Mexico and Canada were both exporting 1.7 million barrels per day of oil to the U.S.; however, Mexican and Canadian crude oil market...
  • U.S. importing more oil for the first time since 2010

    10/24/2016 5:10:36 PM PDT · by panhandle67 · 13 replies
    UPI ^ | 10/21/16 | Daniel J. Graeber
    Republican presidential nominee Donald Trump said at a conference this year in North Dakota that he'd end U.S. oil imports from OPEC if elected in November.
  • Ayatollah Khamenei Accuses OPEC Members Of Waving The Oil Weapon

    10/24/2016 2:14:47 PM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 24-10-2016 | The Ayatollah and his mom
    Ayatollah Ali Khamenei, Iran’s Supreme Leader, accused unnamed OPEC members of using oil as a weapon to the benefit of the U.S. The accusations were leveled via Twitter, following Khamenei’s meeting with Venezuela’s President Nicolas Maduro over the weekend. In a series of tweets, Khamenei started by saying that the “drop in oil prices is a coercive measure against countries independent of the US,” then went on to remind his audience of the 1973 oil embargo from several Middle Eastern states that led to accusations from the West about “the political use of oil”, adding that “Today, same countries along...
  • oil leaders: opec threatening u.s. economy and new mexico’s lifeblood; nation has lost 400,000

    10/18/2016 7:54:30 PM PDT · by panhandle67 · 33 replies
    Roswell Daily Record ^ | 10/8/16 | Levi Hill
    CARLSBAD — Oil experts say America is under attack by Saudi Arabia and OPEC, but instead of bombs, the OPEC oil cartel is dropping millions of barrels of oil on the U.S. economy in a clear effort to undermine the nation’s oil producers and kill any chance of American energy independence. The first to feel the flood of foreign oil into the U.S. are the independent oil producers, whose stripper wells in Texas alone account for 20 percent of the nation’s oil and gas production, said Judy Stark, executive vice president of the The Panhandle Producers & Royalty Owners Association.
  • Hillary Corruption Led to Syria-Russia Crisis [aw!m vanity]

    10/15/2016 5:01:16 AM PDT · by Arthur Wildfire! March · 34 replies
    Big bold Drudge lines [*h*] ... CIA PLANS CYBER STRIKE ON RUSSIA 'DEFCON WARNING UPGRADE' MOSCOW READY FOR WAR Obama wants to not only wag-the-dog, but who knows? A cyber-war could disrupt internet communications -- time to blind Trump supporters. And it all boils down to their bribe money to take out the Syrian government. Obama and Hillary want you to think that Bashar Assad is the very devil. In many ways he is. Worst of all is his defense of Christians and Jews so far as the Establishment thinks. ISIS is cool -- they enslave Christians and Jews for...
  • Climate activists shut off oil pipelines which provide 15% of daily US consumption

    10/12/2016 12:47:19 PM PDT · by 2ndDivisionVet · 34 replies
    Hot Air ^ | October 12, 2016 | John Sexton
    Climate change activists shut off cross-border oil pipelines in Minnesota, Montana, North Dakota, and Washington on Tuesday. The activists broke in to unguarded valve stations and shut off the flow of oil before being arrested. Reuters reports: All they had to do was twist shut giant valves on five cross-border pipelines that together can send 2.8 million barrels a day of crude to the United States from Canada – equal to about 15 percent of daily U.S. consumption. The pipelines have valve stations every 20 miles, many of them in remote locations and protected by nothing more than a locked...
  • Warming Russia-Turkey relations send a chill through Ukraine

    10/12/2016 1:33:53 AM PDT · by Brad from Tennessee · 99 replies
    Christian Science Monitor ^ | October 11, 2016 | By Fred Weir
    Moscow — Leaders of Turkey and Russia signed a long-delayed deal Monday to build the TurkStream gas pipeline under the Black Sea to deliver Russian gas to Europe's doorstep within three years. The rapid warming trend in Russo-Turkish relations holds deep implications for Syria's immediate crisis, which dominated the talks and the subsequent headlines, but the fallout from that pipeline deal is a potentially crushing blow to struggling pro-Western Ukraine and may be rearranging strategic realities around the region for many years to come. Analysts say that if TurkStream goes ahead it will enable Moscow to cut its former main...
  • A Geopolitical Storm Is Brewing Over Libyan Oil

    10/10/2016 7:08:31 PM PDT · by Lorianne · 1 replies
    Oil Price ^ | 07 October 2016
    On September 11th, Libyan National Army (LNA) forces under General Khalifa Haftar launched an offensive on the oil facilities in Ras Lanuf, al-Sidr, Az-Zuwaytinah, and Berga in the Gulf of Sirte. Until that moment, the sites had been under the jurisdiction of the Petroleum Facilities Guard (PFG), guided by Ibrahim Jadran. In Ras Lanuf and al-Sidr PFG officers surrendered without fighting and all the terminals have ended up under Haftar’s control. The vast majority of the operation was reportedly conducted by Sudanese and Chadian mercenaries. The Tobruk government, led by Abdullah al-Thani, expressed its full support of Haftar’s operation and...
  • The Billion Barrel Oil Swindle: 80% Of U.S. Oil Reserves Are Unaccounted-For

    10/10/2016 8:44:07 AM PDT · by bananaman22 · 18 replies
    Oilprice.com ^ | 10-10-2016 | Art
    U.S. crude oil storage is filling up with unaccounted-for oil. There is a lot more oil in storage than the amount that can be accounted for by domestic production and imports. That’s a big problem since oil prices move up or down based on the U.S. crude oil storage report. Oil stocks in inventory represent surplus supply. Increasing or decreasing inventory levels generally push prices lower or higher because they indicate trends toward longer term over-supply or under-supply.
  • Feds Thinking About Killing 31,000 Mining Jobs To Protect A Chicken

    10/08/2016 5:26:46 PM PDT · by george76 · 35 replies
    The Daily Caller News ^ | 10/08/2016 | Andrew Follett
    A new report has government officials considering setting 10 million acres of across six states in the American west off limits to mining and development to protect the chicken-like Greater Sage Grouse, which is not an endangered species. The U.S. Geological Survey (USGS) report found that much of the Sage Grouse’s habitat sits on top of extremely valuable deposits of minerals including gold, copper, lithium, silver, uranium and many others. The USGS report means that the government’s most restrictive grouse protection plan could kill even more than 31,000 jobs and lead to more than $5.6 billion in reduced annual economic...
  • Biofuels turn out to be a climate mistake -- here's why

    10/06/2016 7:35:29 PM PDT · by Lorianne · 19 replies
    UPI ^ | 05 October 2016 | John DeCicco
    Ever since the 1973 oil embargo, U.S. energy policy has sought to replace petroleum-based transportation fuels with alternatives. One prominent option is using biofuels, such as ethanol, in place of gasoline and biodiesel instead of ordinary diesel. Transportation generates one-fourth of U.S. greenhouse gas emissions, so addressing this sector's impact is crucial for climate protection. Many scientists view biofuels as inherently carbon-neutral: They assume the carbon dioxide (CO2) plants absorb from the air as they grow completely offsets, or "neutralizes," the CO2 emitted when fuels made from plants burn. Many years of computer modeling based on this assumption, including work...
  • Texas oil company announces big offshore Alaska discovery

    10/06/2016 7:15:42 PM PDT · by 2ndDivisionVet · 15 replies
    WTOP-TV ^ | October 4, 2016 | Dan Joling, The Associated Press
    ANCHORAGE, Alaska (AP) — A Texas petroleum drilling company announced Tuesday it has made a large-scale oil . . .
  • New Wiki-Leak To Put Oil In The Spotlights

    10/04/2016 12:02:19 PM PDT · by bananaman22 · 13 replies
    Oilprice.com ^ | 04-10-2016 | Lincoln
    The world is waiting on the newest release of information by Julian Assange of WikiLeaks, who has announced that over the next ten days, he will release a whole new spate of information covering a wide range of topics, including oil. In addition to information about oil, Assange has promised that the latest series of unveilings will include the goods on the elections in the United States, arms, tech Giant Google, and mass surveillance. Assange made the announcement Tuesday to a press gathering in Berlin, from the Ecuadorean Embassy in London, stating: “We hope to be publishing every week for...
  • ISIS has lost control of its last oil wells in Iraq

    09/29/2016 8:06:27 PM PDT · by Rabin · 5 replies
    Reuters ^ | Sep. 28, 2016 | Saif Hameed & Mark Heinrich
    Islamic State militants will no longer control any oil in Iraq after being ousted by government forces last week from an area near Kirkuk. The ultra-hardline Sunni Muslim have been driven out of Shirqat by co-ordinated Iraqi force. DT "Take the Oil” Iraqi forces have yet to recapture the Najma oil-field, near Qayyara, but its producing wells are no longer accessible to IS government offensive and (US) air strikes. The reality is that it is extremely difficult to extract and smuggle oil while our forces are advancing towards Mosul...," oil ministry spokesman Asim Jihad.
  • Markets, Not Politicians, Slow State Oil and Gas Production

    09/29/2016 8:23:00 AM PDT · by MichCapCon
    Michigan Capitol Confidential ^ | 9/28/2016 | Jason Hayes
    The Detroit News recently reported that low oil prices have resulted in a decreased number of new oil and natural gas wells around Michigan. As a result of the slowing markets and dropping prices, the industry is seeing losses mount and is laying off hundreds of thousands of employees across the country. The article notes that Michigan is setting record lows in the number of drilling permits, with accompanying job losses. In fact, Energy Information Administration (EIA) numbers indicate that oil production in the state actually reached a 25-year low in 2015. This revelation isn’t terribly surprising, as the hardships...
  • Goldman Sachs: OPEC Freeze Could Add $10 To Oil Prices

    09/29/2016 7:44:42 AM PDT · by bananaman22 · 11 replies
    Oilprice.com ^ | 29-06-2016 | Irina
    Oil barrel prices could climb between US$7 and US$10 by the end of the first half of 2017, according to Goldman Sachs analysts. Yesterday, OPEC surprised nearly everyone and reached a deal to curtail oil production. And now, if all members of OPEC strictly comply with their new quotas, which are to be (and that’s a reasonable “if”) agreed upon at the November meeting of the organization, Goldman is predicting a sizable recovery for the price of a barrel of oil. For this scenario to take place, all other circumstances on oil markets must remain unchanged.
  • Oil Spikes After OPEC Reaches Deal On Output Cap

    09/28/2016 12:01:24 PM PDT · by bananaman22 · 15 replies
    Oilprice.com ^ | 28-09-2016 | Juli
    According to a Reuters source, The Organization of the Petroleum Exporting Countries has in fact reached a deal that will “limit” oil production, and oil prices are in for a wild ride yet again as a result. What was reported as mere rumor this morning, is apparently now a certainty. Reuters had reported this morning that OPEC may announce an output freeze deal later today, as part of the informal talks on the matter on the sidelines of the International Energy Forum, but details of the deal would be withheld until November.
  • BLM office in Junction to see change ( Colorado UN Agenda 21 )

    09/26/2016 8:29:32 AM PDT · by george76 · 6 replies
    Grand Junction Media ^ | September 24, 2016 | Dennis Webb
    Grand Junction will no longer be home to a district Bureau of Land Management office after the agency’s Grand Junction Field Office gets transferred from the northwest Colorado district to the southwest district under a reorganization. ... Mesa County Commissioner John Justman is uncomfortable with the Grand Junction Field Office no longer being part of the Northwest District, despite Mesa County’s close economic ties to the oil and gas development that takes place in northwest Colorado. Many area oil and gas jobs are based in Mesa County. “Financially the county is much more attached to the Northwest District than the...